Ever work with a mortgage company to later on find your loan won’t work, and another delivers? There’s a reason for it. Here’s what you should know about mortgage companies. The Consumer Financial Protection Bureau has safeguards in place to make sure mortgage companies operate off of a level playing field with consumers. The level…
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In today’s world of mortgage lending showing enough income is paramount to qualifying. Here are some alternative income forms that can be used for a mortgage qualifying… Mortgage banks look for income to offset debt. If you’re monthly debt payments exceed your income you may have a tough time qualifying for a mortgage. Underwriting which…
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Refinancing could still make sense even if you plan to sell the home down the road. Here are several reasons to consider refinancing anyway. Financial Circumstances Can Change Let’s say you plan to sell your house in five to seven years. No matter how well you plan for the future financially, things happen. Job loss,…
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